Crestwood delays selection of bond counsel

By Kari Williams

Selection of special bond counsel for the proposed redevelopment of Crestwood Court has been put on hold indefinitely.

Mayor Jeff Schlink told the Board of Aldermen March 13 that city officials were not prepared to recommend the selection of bond counsel.

Selecting bond counsel originally was on the board’s Feb. 28 agenda, but a 6-2 vote postponed selection to the March 13 meeting. Aldermen Darryl Wallach and Paul Duchild voted against the motion.

Crestwood Court was purchased, with the intent to redevelop the property, by Centrum Properties and Angelo, Gordon and Co. in 2008. Plans have been on hold due to the economy.

Schlink said city staff will review request for proposals submitted by Gilmore & Bell and Thompson Coburn and make a decision when they are ready to move forward. No date has been set.

Choosing a date to select bond counsel will not interfere with a presentation from Centrum Properties in regard to redevelopment plans, which is tentatively set for the March 27 Board meeting, according to Schlink.

“We haven’t had confirmation from them that they’d be here, but the Gilmore Bell issue would not move that meeting … It wouldn’t make that much of a difference, really, if we did it in the same night,” he said.

In a separate matter last week, the board approved a resolution to create a task force to investigate public art in Crestwood. The task force will develop a public art master plan.

Ward 2 Alderman Steve Knarr and Ward 4 Alderman John Foote were not present at the meeting. City Administrator Petree Eastman also was not present.

The next Board of Aldermen meeting will be at 7 p.m. March 27 at the Government Center, 1 Detjen Drive.